PJSC Naftogaz of Ukraine was successful in securing a revision of the contract price effective from the second quarter of 2014 and the set-aside of take-or-pay claims in arbitration against Gazprom. This is one of the biggest commercial arbitrations ever.
Watson Farley & Williams (“WFW“) advised Liacon GmbH (“Liacon”), a German company developing and producing high performance energy storage systems, on a €3m convertible bond issued in order to raise financing for their future development.
DLA Piper has advised OX2 on its sale of the 357 MW wind farm to Aquila Capital, a leading European manager of alternative investments.
The financing of the Valhalla project comprising of 85 wind turbines has been successfully completed. Aquila Capital will acquire the project, which OX2 will deliver as an EPC contract, and it will be one of the largest onshore wind farms in Europe. The permits for the park have been developed in cooperation between OX2 and Bergvik Skog.
DLA Piper has advised OX2 on its sale of the 21.6 MW wind farm to Fontavis, a Swiss asset manager for energy and infrastructure investments.
OX2 has developed and constructed approximately 1600 MW of wind power, and is one of the leading players in onshore wind power in Northern Europe.
The DLA Piper team based in Stockholm was led by Corporate partner Peter Ihrfelt, assisted by Real Estate senior associates Johan Forsling and Mats Eriksson.
TLT has worked with Ecotricity to deliver a three turbine wind park located at Alveston in South Gloucestershire.
The 6.9MW project, which became operational in December 2017, is expected to provide enough clean energy to power more than 3,000 homes every year for the next 30 years.
Leading international law firm Clifford Chance has advised Australian-Chinese developer, owner and operator of renewable power generation assets Maoneng Australia (Maoneng) on its entry into a Power Purchase Agreement (PPA) with the University of New South Wales (UNSW) and on related agreements with Origin, who is providing firming and other services to UNSW.
The PPA relates to the 200 megawatt (MW) Sunraysia Solar Farm, located near Balranald in south-western NSW, owned and developed by Maoneng.
The energy group STEAG GmbH based in Essen has successfully refinanced the acquisition of two incineration plants through external funding. In early/mid-2017 STEAG Waste to Energy GmbH acquired Vattenfall's shares in the plants Thermische Abfallbehandlung Lauta GmbH & Co. oHG and IKW Rüdersdorf GmbH. Clifford Chance provided legal advice to the banks concluding the loan agreement, Landesbank Hessen-Thüringen Girozentrale and KfW IPEX-Bank GmbH.
Watson Farley & Williams (“WFW“) advised Liacon GmbH (“Liacon”), a German company developing and producing high performance energy storage systems, on a €3m convertible bond issued in order to raise financing for their future development.
CMS advised the Hungarian multinational oil and gas company on a EUR 75m revolving credit facility provided by a group of 13 banks. The new facility was arranged as a club deal with a group of MOL's relationship banks. It has a tenor of five years (with two one year extension options), and can be drawn in both euros and US dollars. Societe Generale acted as the facility agent.
The CMS team assisting MOL included Partners Simon Dayes and Erika Papp and Consultant Stefania Lepore.
TLT has worked with Ecotricity to deliver a three turbine wind park located at Alveston in South Gloucestershire.
The 6.9MW project, which became operational in December 2017, is expected to provide enough clean energy to power more than 3,000 homes every year for the next 30 years.